data update financial markets

Highlights of RBI Governor Shaktikanta Das' address post MPC meet

FINANCIAL MARKETS

* Liquidity conditions must evolve in sync with economic developments

* Potential liquidity overhang more than 13 trln rupees

* Surplus liquidity rose to 9.5 trln rupees in Oct so far

* G-SAP has been successful in addressing market concerns

* Need for further G-SAP at this juncture does not arise

* Will continue to undertake Operation Twist, OMOs

* 14-day variable rate reverse repo main liquidity management tool

* Remain in readiness to undertake G-SAP when warranted

* Market appetite for 14-day variable rate reverse repo enthusiastic

* Continue to have flexibility to fine-tune liquidity operations

* May hold 28-day variable rate reverse repo if needed

* All liquidity decisions taken post consultations with market

* To mull supplementing 14-day reverse repos with 28-day ops

* On liquidity: Approach is one of "gradualism"

* On liquidity: Don't want to rock the boat, surprise market

* To ensure adequate liquidity to support economic recovery

* Variable rate reverse repos not reversal of accommodation

* To announce some additional developmental measures

* To continue to support market to ensure successful government borrow

* To hold 4.5-trln-rupee 14-day variable rate reverse repo Oct 22

* On-tap long term repo for small fin bks extended to Dec 31

* To hold 5.0-trln-rupee 14-day variable rate reverse repo Nov 3

* To hold 5.5-trln-rupee 14-day variable rate reverse repo Nov 18

* To hold 6.0-trln-rupee 14-day variable rate reverse repo Dec 3

Source : Eureka